Exchange value triumphed because it alone can compound into more capital
Evidence
It was in the nature of the beast. Capitalism is synonymous with the triumph of exchange value because it is the only value that can be crystallised into more capital. Just as the Borg in Star Trek depend on assimilating the biological and technological distinctiveness of other species for their survival, capitalism has taken over planet Earth by assimilating wherever possible any experiential value it encounters into its exchange value chain. — Yanis Varoufakis, Technofeudalism, 123
Categorization
- XREF: connects to: Surplus-value emerges where equivalent exchange opens a gap over reproduction costs — Dirk Braunstein, Adorno’s Critique of Political Economy, 1376; Capitalism commodified things for their exchange value, not their intrinsic worth — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 122
Broader Connections
- Surplus-value emerges where equivalent exchange opens a gap over reproduction costs
#qualifies(0.75) — Dirk Braunstein, Adorno’s Critique of Political Economy, 1376 - Capitalism commodified things for their exchange value, not their intrinsic worth
#exemplifies(0.75) — Yanis Varoufakis, Technofeudalism, 122